Are Weakening Retail Sales a Sign of Increasing Inflationary Pressure?

Real Vision: Finance & Investing

Real Vision

News, Business News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 18 August 2021

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

DB-Aug17,2021: Real Vision senior editor Ash Bennington welcomes back to Tony Greer of TG Macro to provide an update on his framework, the sectors he’s watching, and his thoughts on inflation. Greer analyzes whether the 1.1% fall in U.S. retail sales in July points toward more of a shift in consumer preferences or whether it’s more indicative of price inflation pressures, and he and Bennington also discuss what sort of knock-on effects China’s crackdown on tech will have on markets, particularly on the tech sector, as the NASDAQ Golden Dragon Index continues to suffer from declines. Finally, Bennington provides a brief update on the Poly Network hack. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Why are you listening to his podcast when they're a puddle to be jumped in?
0:04.8	Come on, let's get outside and take on autumn.
0:09.4	All the need is a pair of wales in a pot of patty for loo.
0:13.8	It's made with calcium and put him in a d for immune support.
0:18.4	My mum says healthy mischief needs healthy bones.
0:23.0	And she knows best most of the time.
0:27.0	Take on autumn with patty for loo.
0:39.2	Welcome to the Real Vision Daily briefing.
0:40.8	It's Tuesday, August 17, 2020.
0:43.4	I'm Ash Bennington.
0:44.4	It's TG Tuesday.
0:46.0	I'm joined once again by Tony Greer.
0:48.6	Here's what we're looking at right now.
0:50.8	Let's take a look at what's happening in markets.
0:52.8	Looks like the five day rally in the S&P 500 has ended.
0:56.6	S&P 500 closing.
0:58.0	It looks like off on the day at 4,448 off 0.7%.
1:05.4	Big tech also getting hammered today, NASDAQ closing out at 14,656 off.
1:14.0	Almost a full percentage point 0.93% on the day.
1:19.0	The VIX higher up 1.4% it looks like closing out the day at 17 point.
1:26.4	Five retail sales numbers out today.
1:29.8	It's a weaker retail sales number down 1.1% in July on a seasonally adjusted basis.
	...

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